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Redemption of Debentures

Accountancy

If we are to prepare both Own debentures a/c and Int. on debentures a/c, then, Can we put the interest related to the debentures purchased in the own debentures a/c and interest on remaining debentures in separate "int. on debentures a/c" OR Should we remove interest column in Own debentures a/c and show all transactions in "int. on debentures a/c"

Kriti Iyer

CA Inter

★ 3K+

29-Apr-23 14:34

335

Answers (2)

If you're preparing seperate account for interest then you don't need interest column in deb a/c

Abishek M

CA Final

★ 11K+

29-Apr-23 20:29

You can either show column or prepare separately

CA Suraj Lakhotia

Admin

30-Apr-23 15:53